McBain picked to head management liability
Mitch McBain has been appointed senior vice-president, head of management liability, at Ascot Bermuda.
He assumes responsibility for the underwriting and management of Ascot’s professional and management liability insurance portfolios in Bermuda.
Ascot currently provides a range of excess insurance solutions across casualty, professional lines and healthcare within the Bermuda market, complementing the leading P&C reinsurance presence it has maintained on the island since 2016.
Mr McBain’s remit is to expand Ascot’s professional lines presence, collaborating closely with colleagues across the US and at Lloyd’s.
He joins from Willis Towers Watson, where he was head of UK and international for Finex D&O.
He has held several underwriting and broking roles in professional lines, starting off as an account executive at Willis before switching to underwriting with Liberty Insurance and Axis Capital.
Mr McBain will report to Ian Thompson, CEO, Ascot Bermuda, who said: “I’m delighted to welcome Mitch to Ascot as we expand our presence in the Bermudian primary insurance market.
“Ascot is a meaningful presence on the island, offering a suite of solutions across all major product lines in both insurance and reinsurance.
“I know that under Mitch’s stewardship, we’ll continue to enhance our professional lines capabilities across the Ascot ecosystem — offering clients and broking partners tailored coverage in the US, Bermuda and through Lloyd’s.”
Mr McBain said: “I’m thrilled to join Ascot at this exciting time in its growth journey. Our presence in the management liability market, with ecosystem capabilities, allows us to offer a range of solutions according to client needs.
“I know that we are an attractive risk partner for professional solutions and look forward to collaborating with colleagues across the group as we enhance our client offering and depth of coverage.”